Lincecum, Giants Agree To Two-Year $23MM Deal

The Giants agreed to sign Tim Lincecum to a two-year $23MM contract today, avoiding arbitration with the right-hander and giving themselves cost certainty for two of Lincecum's four arbitration years. The deal, which is pending a physical, came together after the Giants delayed their arbitration hearing with the two-time Cy Young Award winner. Lincecum, who was arbitration-eligible for the first time as a Super Two player, filed for $13MM. The Giants countered with $8MM.

Lincecum will make $8MM this year and $13MM next year. He'll also receive a $2MM signing bonus spread over the course of two seasons.

The Giants offered a three-year $37MM deal in advance of Friday's expected hearing, but Lincecum and agent Rick Thurman rejected it. The club had offered Lincecum a two-year $21MM deal before, only to see his representatives counter with $25MM for the same period.